Articles

French fintech Worldline cuts guidance

Worldline slashed its forecasts for the year due to volatile spending across Europe.

BAE Systems raises guidance after surge in sales in first half

BAE Systems raised its 2024 guidance after posting a surge in sales amid high defense spending across all its key markets.

South Korea’s exports grow for 10th straight month

South Korea’s exports grew for a 10th straight month in July on brisk demand for semiconductors and other goods overseas, notching the fastest pace of growth in six months.

Zuckerberg says Facebook is cool with young people again. Now comes the hard part.

Recent data from Meta indicated that over 40 million U.S. and Canadian young adults are daily active users, the highest in three years.

Delta pauses New York-Tel Aviv flights through Friday

Delta Air Lines has suspended flights from New York to Tel Aviv citing continuing conflict in the region.

Live Nation’s results should settle concerns about concert demand, analysts say

Concerns have grown about concert-ticket sales. But Ticketmaster parent and concert-industry giant Live Nation Entertainment Inc. is seeing none of it.

Fed’s Powell puts September rate cut on the table, but doesn’t say much about what comes next

Federal Reserve Chair Jerome Powell on Wednesday put a “heavy thumb” on the scale regarding an interest-rate cut coming as soon as the next policy meeting in September, but when asked about what comes next, he did not say much.

Trump slams taxes on Social Security benefits. But what happens if those taxes go away?

Senior citizens shouldn’t be paying taxes on their Social Security benefits, former President Donald Trump said Wednesday, floating an idea that could lighten the federal income-tax load for about 40% of recipients.

Freight demand is weak, but cost cuts help C.H. Robinson boost profits. Shares are rallying.

Shares of shipping logistics provider C.H. Robinson Worldwide Inc. rallied on Wednesday after the company reported a second-quarter adjusted profit that topped Wall Street’s estimates, helped by tighter operations in its key North American transportation services.

Teladoc posts another quarterly loss, and online mental-health unit sees revenue slip

Once high-flying, Teladoc’s stock drops more than 15% after the telehealth company posts yet another quarterly loss.

These S&P 500 stocks fell the most in July as the ‘Great Rotation’ began

Seven months into 2024, it has still been a good year for the stock market, but the sands shifted under investors’ feet during July, as a “Great Rotation” began.

Bond ETFs rally as Powell says ‘time is drawing near’ for potential Fed rate cut

U.S. bonds rallied Wednesday, after Federal Reserve Chair Jerome Powell expressed growing confidence the Fed could start lowering interest rates as soon as its next policy meeting.
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